Don't look now, but crude oil is back over $100 a barrel. Prices are on fire, rising 20% since July, and the Strait of Hormuz is still shut. Diesel fuel, the transportation fossil fuel of record, sits at a record $6.23 per gallon. WTI: Up, Up and Away Now, betting on geopolitical outcomes is a dicey game, so placing a bet on the crisis extending or world peace breaking out is tricky. The sure bet is looking at five closed-end funds (CEFs) paying 8.5% on average. Four of these five funds have had an impressive run, and they now trade at narrower discounts than their five-year norms, so we're watching. I'll start with BlackRock Energy & Resources Trust (BGR, 6.7% distribution rate) .
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.